Flex Warehouse with Roll-Up
For Sale
$595,000
8625 N 27th Ave, Phoenix, AZ 85051
Flex/warehouse contractor building offers four roll-up doors and a large parking lot with freeway visibility.
Property Size2,205 SF
Days on Market49
Property Features for 8625 N 27th Ave
General Information
Standard status
Active
Size
2,205 SF
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Monument sign
Building Details
Building Size
2,205 SF
Listing Agency:
Levrose Commercial Real Estate
Listed By:
Aaron Norwood · License #SA561466000
(480) 294-6016
Source:
Commercialcafe
Added: Jul 27
Changed: Sep 5
Last Checked: Sep 13 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Levrose Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex/warehouse property is an efficient contractor building with four roll-up doors and a large parking lot. A monument sign is in place, and the site is described as visible from the freeway.
The property provides easy access from 27th Ave and benefits from I-17 freeway exposure. The available information supports strong site accessibility and direct visibility from the roadway.
Overall, it presents as a compact, operationally oriented warehouse/flex space designed for straightforward loading, unloading, and on-site parking.
The property provides easy access from 27th Ave and benefits from I-17 freeway exposure. The available information supports strong site accessibility and direct visibility from the roadway.
Overall, it presents as a compact, operationally oriented warehouse/flex space designed for straightforward loading, unloading, and on-site parking.
Key Highlights
- Flex/warehouse contractor building with I‑17 freeway exposure and visibility
- Monument sign with visibility from the freeway
- Easy access on 27th Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,320
$484.3K
Cap Rate 7%
$345,943
$345.9K
Cap Rate 9%
$269,067
$269.1K
Market Conditions
NOI Build-Up for 2,205 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.3K $19.20/SF
− Vacancy
−$5.1K −$2.30/SF
EGI
$37.3K $16.90/SF
− OpEx
−$13.0K −$5.91/SF
NOI
$24.2K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,320
Cap Rate 7%
$345,943
Cap Rate 9%
$269,067
Alternative Uses
Best Use
Flex RnD
$345.9K
$302.7K – $403.6K
NOI $24,216 @ 7.0% cap · market cap 4.07%
Second Best
Industrial
$198.1K
$173.4K – $231.2K
NOI $13,870 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$667.9K
$584.4K – $779.2K
NOI $46,754 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85051, AZ
46,123
Population
16,818
Households
2.7
Avg Household Size
34
Median Age
20%
College-Educated
81%
High-School Grad
6.4 sq mi
ZIP Area
7,207
Density / Sq Mi
$63,665
Median Household Income
$38,980
Median Earnings
$1,256
Median Rent
$288,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse contractor building offers four roll-up doors and a large parking lot with freeway visibility.
Where is this flex space located?
The property is located at 8625 N 27th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Flex/warehouse contractor building with I‑17 freeway exposure and visibility; Monument sign with visibility from the freeway; Easy access on 27th Ave
